oc | Saturday 7th December

Market News » kay and burton


It’s embarrassing but I agree with the selling agents today – the “good home” market was stronger than it appeared.

It’s embarrassing but I agree with the selling agents today – the “good home” market was stronger than it appeared.
Key Points: A lot on offer in Stonnington today with 42 auctions monitored over a $m with 22 homes over a million bought. Although there was a lot on offer – it was a mixed bag quality wise. If there is such a thing the good home clearance rate index would have shown a better result than the [...]
10 from 10 on the auctions we covered

10 from 10 on the auctions we covered

We mainly focus on the better quality homes, however 10 from 10 was still a surprise. This stat varies dramatically from our overall monitored auctions stat of just over 50% – similar to last week. It was a Super Saturday in Boroondara with over 50 auctions at $M+ and over 30 sales reported as being [...]
The correctly priced good home/period home auction clearance rate would be nearly 100% in Stonnington right now

The correctly priced good home/period home auction clearance rate would be nearly 100% in Stonnington right now

Key Points: Stock is now starting to dry up as Easter interrupts the market and with the vibe dropping since Labour Day we may well see limited stock in the discretionary upper end market coming on Post Easter.  19 Huntingfield Toorak (Justin Long) was a classic example of a limited offering that captured the markets’ attention [...]
Great buying opportunities in the $3m+ Pre Easter Market, even more so than the 3 week season opener just gone.

Great buying opportunities in the $3m+ Pre Easter Market, even more so than the 3 week season opener just gone.

Week Ending 19th March: Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically
Properties Struggling to Move after Passing In

Properties Struggling to Move after Passing In

At 6pm on Saturday, the James Clearance Rate on the 31 auctions we covered was 58%. Bidderman, our demand indicator of average bidders per auction, had a small rise to 1.6 bidders per auction, in part due to four volcanoes (strong auctions) including one 7 bidder auction in 28 Barrington St Kew. These figures indicate that the [...]
Stock Surge in Boroondara – Clearance Rates are definitely not as good as we are used to, but nearly 40 homes @ $M+ were bought this week

Stock Surge in Boroondara – Clearance Rates are definitely not as good as we are used to, but nearly 40 homes @ $M+ were bought this week

Key Points: Clearance Rates are definitely not as good as we are used to in Boroondara but they are still healthy in the mid 60’s and nearly 40 homes over a million were bought this week Stock Surge – Large amounts of $M+ stock are hitting the market for pre Easter campaigns 61 Bellett Camberwell has been on [...]
Bayside still shining the brightest – more stock coming on pre Easter will re-test its underlying 2011 strength

Bayside still shining the brightest – more stock coming on pre Easter will re-test its underlying 2011 strength

Key Points: Two Land Sale Volcanoes 4+ bidder auctions below: 11 William St Brighton with Rod Richardson of Hocking Stuart – $3,100,000 for 1383 sqm of land = $2,241 per sqm for land in central Brighton. Solid and expected result. 5 bidders. 5 Horton Close Brighton with Campbell Cooney of Hodges – just off the north end of [...]
$3M+ market February market was a bit flat  – except for Brighton

$3M+ market February market was a bit flat – except for Brighton

Week Ending February 26th: If last week was the season opener for the $1m+ auction market, then this week was the beginning of the $3m+ auction market
$1 m+ market hotting up, but the $3m+ market still underwhelming

$1 m+ market hotting up, but the $3m+ market still underwhelming

At 6.00pm Saturday, the James Clearance Rate for the 31 Million Dollar Plus Auctions we covered was 74%.  The signs are there that the market has started with a hint of warmth about it. Bidderman was at 2, the $M+ Clearance Rate was 74% and this weekend’s Hammer rate was almost one in two. That’s a [...]
$3M+ market stumbles at 2011's first hurdle – except for Brighton

$3M+ market stumbles at 2011's first hurdle – except for Brighton

Week Ending February 26th: If last week was the season opener for the $1m+ auction market, then this week was the beginning of the $3m+ auction market and the main focus for this weekend’s report. We don’t have all this weekend’s numbers in yet, so it’s hard to call, but it [...]
Season Opener: February 19th

Season Opener: February 19th

Welcome to Million Dollar Melbourne in 2011 With the Auction Season Opener hitting us between the eyes on February 19, we know that the big question for buyers, sellers and agents is: What is going to happen in 2011? The feeling in late 2010 was that the market was cooling and we shared that view on price [...]
Up, down and now back up this week. Next week?

Up, down and now back up this week. Next week?

Week Ending November 27th: The high end ($3m+) which like the proverbial brides nightie (not sure if I can say that) is up and down at the drop of a hat. A fortnight ago it was up and last week it was down – this week it was up and in a [...]
Get Organised for the next Super Saturday – October 23rd

Get Organised for the next Super Saturday – October 23rd

The big news this week for homebuyers was not Gary Ablett or the GF Replay; it was the major stock inflows that took place on Monday, Tuesday and Wednesday when agents began their marketing campaigns for the next Super Saturday - October 23rd. Check out the size of the Weekly Review this week. While one weekend does not make a summer, we now seem to have finally started the Spring surge. Prior to the Grand Final(s) stock was particularly low and prices were definitely beginning to firm on the back of this.
Backward Bidding

Backward Bidding

Backward bidding is about throwing stones, it’s about fighting back, it’s about saying enough is enough.
September sees the re-emergence of Melbourne’s $3m+ Market

September sees the re-emergence of Melbourne’s $3m+ Market

September Executive Summary: Demand: Solid and increasing Reported Boughts: 46 Bidderman: Substantial improvement in bidders per auction at the higher level. Random cross section of bidders. 1/3/2/1/3/1/3/2/2/3/3/3/2/1/0/0 for a month average of 1.875 Supply: New Stock Low Overhang from May however new stock is still light on at end of September and that which comes on at a reasaonble price [...]

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